Resolution 1995-65 - Laserfiche WebLink

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(a) To retain agents, employees and independent contractors. (b) To purchase, sell, encumber and lease real property and to purchase, sell, encumber or lease equipment, machinery, and personal property. (c) To invest funds as allowed by Colorado statutes. (d) To carry out educational and other programs relating to risk management and loss control. (e) To create one or more loss funds, and to purchase reinsurance, excess insurance and/or stop loss insurance. (f) To establish reasonable and necessary loss control standards and procedures to be followed by the members. (g) To provide risk management and claim adjustment or to contract for such services, including the defense and settlement of claims. (h) To carry out such other activities as are necessarily implied or required to carry out the purposes of CIRSA or the specific powers enumerated in these Bylaws. (i) To sue and be sued. G) To enter into contracts. (k) To reimburse directors for reasonable and approved expenses, including expenses incurred in attending Board meetings. (1) To purchase fidelity bonds from an insurance company approved by the Insurance Commissioner of Colorado to do business in Colorado. (m) To process claims, investigate their validity, settle or defend against such claims within established fmanciallimits, tabulate such claims, costs and losses and carry out other assigned duties. ARTICLE V.5. Services to Nonmembers. (1) CIRSA may provide to nonmembers, by intergovernmental agreement, one or more services pertaining to or associated with insurance or self- insurance, loss control, risk management, and claims administration, if such services will not adversely affect the tax exempt status of CIRSA. (2) The nonmembers to which the services described in paragraph (1) above may be provided shall be limited to governmental entities which are defined as "public entities" under 24-10- 3 As amended June, 1995